Non Sequitur by Wiley Miller for October 08, 2018

Makes complete sense in today’s market.

The “other guy” has a wheel that say’s “bomb” “invade” “ally” “nuke” “ignore”. He spins it frequently and for no reason

That wheel is missing a Bankrupt space ( whether morally or financially is anybody’s guess ).

There’s one of those in the senate cloak room. It is used for late night round-ups just before the breaks for holidays, vacations, and stump grinding

In some countries that’s how they choose their leaders.

The casino economy in a nutshell.

Actually, it’s easier then that. All they need to do is decide which choice will increase THEIR profits while screwing the average citizens.

As long as we get our commission, it makes no difference.

When the chips are down….

Just hope they don’t get a “whammy” from the SEC.

Wheel missing “Hold” option.

It is missing the Increase Executive Bonus! then file bankruptcy.

This must be the group that manages my retirement savings. Earnings this year about 0.3%.

And, thus ended the toy empire known as Toys ‘R’ Us.

The wheel is also missing “Offshore”.

Then where are the “lie,” “cheat,” an “steal” spaces. Those are the most commonly used.

Another example of how bad management can destroy any company: GE and Sears!

The wheel needs updating. For the past 20+ years the rage has been for mergers and acquisitions.

It goes like this: a company hires a dynamite superstar CEO for megabucks who promises investors the moon and stars if they support his acquisition of firms in fields completely unrelated to the acquiring company’s strengths.

Once it becomes obvious that the acquisition is a hopeless bungle— think AOL Time Warner— the responsible CEO is given a multimillion-dollar retirement bonus, after which the company hires a dynamite superstar CEO for megabucks to oversee the divestiture of the useless acquisition.

So the wheel should read “hire,” “acquire,” “disillusion,” “fire & reward,” “hire,” “divest.” American firms used to be giants of creativity, but apart from outfits like Apple, Facebook, Google, etc, the game now is mergers and acquisitions ad nauseam.

Since Dump is the equivalent of Sell – the wheel is heavily weighted 3:2 in favor of selling. They will be cash heavy and without assets quickly, under that statistical weighting.

It also doesn’t specify what will be bought or sold. That’s where the chimp-enabled dart board comes into play. Of course, with all the M&A these days, there may be only one “space” on that dart board.

Bow-tied guy not just the newest member of the firm; within the year he will be the firm.

Some financial publication used to do an annual feature on stock picking involving a chimp, a dart board with stock listings attached to it, and 5 or so darts. At the end of the year they’d compare the chimp’s picks those of well reputed analysts.